Capita has reduced its forecast for headline dividends this year as it expects tumbling oil prices to weigh on UK firms, despite last year's figure beating expectations.
In the latest Capita Dividend Monitor, the firm slashed its headline forecast for this year from £89.8bn to £86.5bn, citing the number of dividend cuts already announced for 2016. Justin Cooper, chief executive of Shareholder Solutions, part of Capita Asset Services, said: "Last year, income investors saw UK dividends reach their second-highest level on record. However, the sheen of a strong 2015 has been tarnished by the unpleasant prospects for 2016. Which UK stocks offer the best dividend policies? "Our forecast accounts for £3.4bn of cuts that have already been announced, but a...
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